Citigroup Posts Q4 Results: How Should You Approach the Stock Now?

Zacks 11:55 ET

Citi: Maintains HK & CHINA GAS "Neutral" rating with a Target Price of HKD 6.3.

Citi published a research report stating that based on a 12-month period, it maintains a "neutral" rating for HK & CHINA GAS (00003), with a Target Price of HKD 6.3. It is expected that last year's core net profit will remain relatively flat year-on-year (recorded 5.894 billion Hong Kong dollars the year before), and the forecasted dividend yield for this year will reach 5.9%, higher than the current yield of 4.6% for the ten-year US Treasury. The report states that HK & CHINA GAS's annual dividend payment of 6.5 billion Hong Kong dollars from 2022 to 2023 has been driven by debt. The report mentions that the company hopes to generate more Cash in the long term through emerging businesses to maintain its dividend per share, such as the production and sales of sustainable Aviation fuel and green Methanol.

Sina Hong Kong StockJan 20 02:58 ET

Citi: Multiple bullish factors, raising the Target Price for CHINAHONGQIAO to 15 HKD.

Citi released a report stating that, benefiting from above-normal levels of apparent Consumer consumption, strong Aluminum prices, and potentially higher-than-expected Share Buybacks and dividends, it maintains a 'Buy' rating on CHINAHONGQIAO (01378) and raises the Target Price from HKD 14.8 to HKD 15. On January 16, the spot price of alumina in Henan was RMB 4,560 per ton, a decrease of 19% since the beginning of the year; SHFE 1M Aluminum price was RMB 20,265 per ton, an increase of 2% since the beginning of the year. As of January 17, the alumina Futures contract (February delivery) has dropped 19% since the beginning of the year, settling at RMB 3,868 per ton.

Sina Hong Kong stocksJan 20 01:47 ET

Citi: Assigns a "Buy" rating to BUD APAC with a Target Price of 19.8 HKD.

Citi released a research report stating that based on SOTP, the Target Price for BUD APAC (01876) is HKD 19.8, with a rating of "Buy." The report noted that BUD APAC held a conference call before the Hong Kong performance quiet period on January 17, indicating that due to the anticipated sales weakness in the mainland China market in the fourth quarter, the firm expects the company's gross margin in the mainland to be under pressure due to weak average selling prices and diminishing tailwinds from raw material costs. However, on a positive note, the firm expects sales in South Korea to continue to grow year-on-year in the fourth quarter of 2024, and the gross margin will also expand year-on-year. Management expects the fourth quarter of 2024.

Sina Hong Kong Stock.Jan 20 01:41 ET

15 of 16 Financial Stocks Post Earnings Beats as Banks Continue to Win Big - Earnings Scorecard

Seeking AlphaJan 18 10:09 ET

Citigroup Options Spot-On: On January 17th, 193.67K Contracts Were Traded, With 2.43 Million Open Interest

Moomoo NewsJan 17 16:30 ET